Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Rental relocation service announces new $450k investment

Rental relocation service announces new $450k investment

Transfercar, the free rental car company, has announced a new round of investment from entrepreneur Dennis Round. The NZ$450,000 funds are combination of private equity and loan.

Transfercar, the free rental car company, has announced a new round of investment from entrepreneur Dennis Round. The NZ$450,000 funds are combination of private equity and loan.

The money will be used to fund a US launch for the business as well as additional revenue streams and continued development of the web application.

Dennis Round will join the firm as global Sales Director. He founded Violation Management Services in New York in 2001 and has since grown it to be the leading global company for managing traffic violations in the car rental and leasing industries."

Brian Karlson, CEO said “We’re delighted to strengthen the team with Dennis’ long experience in the automotive industry. His US expertise will be critical as we move into the next phase of Transfercar’s growth.”

Dennis Round added “This is a fantastic new challenge for me personally and I’m very much looking forward to driving Transfercar towards becoming the industry’s preferred choice of relocation partner.”

Founded in 2008, the firm previously took investment from Norwegian angel investor, Nils August Andresen, of NZ$150,000 during February 2008.

Transfercar runs rental car relocation websites for customers in USA, Australia and New Zealand.

About Transfercar
Transfercar helps people and rental car companies make and save money on under-used rental cars.

Rental operators need to relocate cars between their branches in order to position their fleet for new hires. Transfercar facilitates contact between rental operators that need to relocate their vehicles, and travellers who would like to drive their cars free of charge.

The rental operators submit their relocations to Transfercar using the web or integrations with fleet management systems. Prospective drivers then request the relocations through the website, mobile phones or email. The Transfercar solution delivers financial benefits to both rental car companies and flexible travellers.

Transfercar USA
Transfercar Australia
Transfercar New Zealand


© Scoop Media

Business Headlines | Sci-Tech Headlines


Land & Water Forum: Fourth Report On Water Management

The Land and Water Forum (LWF) today published its fourth report, outlining 60 new consensus recommendations for how New Zealand should improve its management of fresh water and calling on the Government to urgently adopt all of its recommendations from earlier reports. More>>



Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news